Whisper White Paper V2.0.0
Whisper White Paper V2.0.0
April 2023
V2.0.0
Introduction
Overview
Market Overview: The Rise of DeFi and Layer 2 Solutions
The decentralized finance (DeFi) space has experienced incredible growth
in the past few years, with billions of dollars locked in various protocols,
products, and services. This growth has been driven by the pursuit for
financial autonomy, and transparency: the core of DeFi's ethos. As a result,
innovative platforms have emerged that offer lending, borrowing, staking,
and other financial services that were once the sole domain of traditional
financial institutions such as banks and governments that work behind a
smoke screen.
Tools
Whisper's collection of tools is designed to enhance security, promote
transparency, and simplify the DeFi experience for users. These tools include:
1. Token Locker: The Token Locker allows project creators to lock a portion of
their tokens for a predetermined period. By locking team tokens or other tokens
that don’t need to be in circulation, they demonstrate commitment to the project
and build trust within the community. Locked tokens cannot be accessed or sold
by anyone during the lock period, preventing malicious behavior. The Token
Locker offers customizable lock durations, and the locked tokens can be claimed
manually upon the lock's expiration.
3. Lock Viewer: The Lock Viewer is a user-friendly interface that enables users to
verify a project's locked tokens and liquidity. By providing easy access to this
information, Whisper enhances transparency and enables users to make
informed investment decisions. The Lock Viewer displays the total amount of
locked tokens, liquidity, and the lock expiration dates.
Solutions
DeFi
Whisper's DeFi category consists of a range of financial products and
services that enable users to earn passive income and grow their
investments. These offerings include:
Zero Sum Games: Whisper's zero sum games offer users the opportunity to
compete against each other in various scenarios. These games not only
provide an enjoyable way to engage with the DeFi ecosystem but also
create a sense of community among users.
The first game: Predictions: The predictions game enables users to bet on
the outcome of the price of a specific token in a set time period. Players bet
on “Up”, or on “Down” which represents the price action of that token in the
set time period (for example: 5 minutes). If a player bets on Up and they
guessed correct, they win their share of the Down pool, based on their share
of the Up pool.
If player X bets Up for 1 ETH and there is 10 ETH in the Up pool, their bet
represents 10% of said pool. They then win 10% of the Down pool, no matter
the size of that pool.
Whisper's four main categories of offerings cater to the diverse needs of the
crypto community, providing a comprehensive suite of tools, products, and
services. The platform's focus on security, transparency, and ease of use
ensures a seamless and enjoyable experience for developers, founders,
investors.
Tokenomics
The Whisper ($WISP) token is designed to fuel and incentivize the growth of
our DeFi ecosystem, ensuring that our platform remains accessible, secure,
and user-friendly. In this section, we will discuss the tokenomics of $WISP,
outlining the allocation and utility of the token within the Whisper
ecosystem.
No Taxes on $WISP
Token Allocation
The total supply of $WISP tokens is distributed as follows:
1. Circulating Supply (50%): Half of the total supply of $WISP tokens is
currently in circulation, providing ample liquidity for users to trade, stake,
and participate in the various DeFi products and services available on the
Whisper platform.
Tokenomics
4. Future CEX Listings (7.5%): To facilitate the growth and expansion of the
$WISP token ecosystem, 7.5% of the total supply is allocated for future
centralized exchange (CEX) listings. This allocation will ensure that the token
is accessible to a wider audience and supports the long-term growth and
adoption of the Whisper platform.
Token Utility
Tokenomics
Team members
Fundraising and partnerships 2.5%
10%
CEX listings
7.5%
Circulating supply
50%
LP Farming rewards
20%
Staking rewards
10%
Revenue sharing
Revenue Sharing in the Whisper Ecosystem
WISP Team (25%): A quarter of the revenue is allocated to the WISP team to
support ongoing development, marketing initiatives, salaries for hired team
members, and the overall growth of the Whisper ecosystem. This ensures
that the team has the necessary resources to continue building and
improving the platform, thereby maintaining its competitive edge in the
DeFi space.
Single Asset Stakers (60%): 60% of the rewards are allocated to users
who stake their $WISP tokens.
LP farming (40%): The remaining 40% of the rewards are designated for
LP Farmers, providing additional value to the ecosystem.
Revenue sharing
Within the 75% allocated to stakers and LP farmers, up to 10% could be set
aside for strategic partners on zkSync who provide exceptional support in
terms of funding, grants, or other resources that contribute significantly to
the growth of Whisper. This ensures that valuable partners are rewarded for
their contributions and encourages further collaboration.
As a result, at least 65% of all revenue generated by the platform will always
be distributed to stakers and LP providers, creating a sustainable and
attractive incentive for users to participate in the Whisper ecosystem.
Future plans
At Whisper, our mission is to create a comprehensive and accessible DeFi
ecosystem that empowers users, developers, and founders to engage with
the DeFi space. As part of our commitment to this mission, we have outlined
a series of future plans aimed at expanding our offering and ensuring that
we remain at the cutting edge of the DeFi landscape.
Whisper Academy
As part of our commitment to making DeFi more accessible, we plan to
launch the Whisper Academy, a free educational platform designed to
provide comprehensive resources for anyone interested in learning about
crypto, blockchain, DeFi, zkSync, and Whisper. We believe that education is a
key factor in driving adoption and fostering a more inclusive DeFi
ecosystem.
The Whisper Academy will cover a wide range of topics, from basic
concepts and terminology to more advanced topics such as smart
contracts, yield farming strategies, and layer 2 scaling solutions. Our goal is
to create a one-stop-shop for education, where users can access high-
quality, up-to-date resources that cater to all levels of experience.
In addition to providing educational content, we also plan to offer
interactive learning experiences such as quizzes, simulations, and games.
These interactive elements will not only help to make learning more
engaging and enjoyable but also allow users to test their knowledge and
gain practical experience in a safe and controlled environment.
Future plans
Community Engagement and Collaboration
At the heart of our future plans is a focus on community engagement and
collaboration. We believe that the success of the Whisper ecosystem hinges
on the active participation and contribution of our users, developers, and
partners.
We also plan to actively seek out strategic partnerships and collaborations
with other projects and platforms in the DeFi space. By joining forces with
like-minded organizations, we can leverage our collective expertise and
resources to create synergies that benefit all parties involved.
Partnership Opportunities
Whisper is committed to fostering a vibrant and collaborative DeFi
ecosystem, and we understand the importance of forging strong
partnerships with other projects on zkSync. We are open to partnering with a
wide range of projects, from decentralized exchanges (DEXes) to other DeFi
protocols. By joining forces, we can leverage our combined resources and
expertise to create synergies that benefit both projects and their holders.
Our extensive suite of tools and products positions us as an ideal partner for
many DEXes and DeFi protocols. Our services can enhance the security and
functionality of partnered platforms. Additionally, our DeFi solutions like
staking, LP farming, and pools can be integrated into our partners'
platforms, providing their users with more ways to earn and engage with
their projects.
Future plans
Security
At Whisper, we take security very seriously. We understand that trust is a
critical component of any successful DeFi platform, and we are committed
to providing a safe and secure environment for our users, developers, and
partners.
zkSync
If you are interested to learn more about zkSync and everything they are
building, we suggest you take a look at their website at https://zksync.io/
Under the section “Learn” you can find a lot of information that explains
zkSync as a blockchain, and what makes them unique.
We thank you for taking the time to read our white paper and we are
delighted to have you along on our journey to become a household name
on zkSync.
Legal disclaimer
The information presented in this white paper is for informational purposes
only and should not be construed as investment advice. The information
contained herein is not a solicitation or an offer to buy or sell any security or
token. Whisper does not provide investment, financial, or legal advice, and
any information contained in this white paper should not be construed as
such. Any investment in WISP or any other cryptocurrency is speculative and
involves a high degree of risk. Before investing in WISP or any other
cryptocurrency, you should carefully consider your investment objectives,
level of experience, and risk tolerance. We make no representations or
warranties of any kind, express or implied, about the completeness,
accuracy, reliability, suitability, or availability with respect to the information
presented in this white paper.